WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000201801
<NAME> Federated Municpal Securities Fund, Inc.
<SERIES>
<NUMBER> 003
<NAME> Federated Municpal Securities Fund, Inc.-Class C
<S> <C>
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</TABLE>
